4 Consumer Stock Stories for Investor Perusal
Lowe’s Companies (NYSE:LOW): Current price $38.53
The home-improvement retailer plans to hire some 45,000 seasonal workers and add 9,000 part-time employees on a permanent basis prior to its busy spring season, which implies that the budding housing recovery is creating jobs. Retailers such as Lowe’s were impacted by the prolonged housing slump as homeowners held back on large-cost renovations. However, many economists believe that the housing market is recovering and that the gains might continue in 2013.